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. >> reporter: the outlets are expected to give the economy a big boost. >> it's $200 million of tax revenue that goes into the coffers. >> reporter: the reason needed more retail. >> i think it's awesome. i don't have to go away to milpitas, i don't have to go away to vacaville, i can stay right here by home. >> reporter: mall managers are also looking to draw tourists in from san francisco hotels and this mall is already 100% leased. so a second site is scheduled to open in 2014. you can see the line of car headlines coming out of this parking lot and they're expect to have 200,000 people visit by the end of the weekend. >> walnut creek police are looking for two men who kidnapped a 57-year-old woman, stole her money and left her tied up in oakland. police say the woman was forced into her own car outside the shadeland's park office. they said the two men blindfolded and bound the woman then withdrew money using her atm card. the man left the victim tied up. >> looking into a number of feeds, security camera footage from a number of locations. >> reporter: police describe the syste
. >> reporter: the outlets are expected to give the economy a big boost. >> it's $200 million of tax revenue that goes into the coffers. >> reporter: the reason needed more retail. >> i think it's awesome. i don't have to go away to milpitas, i don't have to go away to vacaville, i can stay right here by home. >> reporter: mall managers are also looking to draw tourists in from san francisco hotels and this mall is already 100% leased. so a second site is scheduled...
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this economy is awfully weak. imposing taxes to not be reduced at a time like this -- that's just not good. gerri: son's he took office, it has gone up trillions of dollars. what's the best way to get this done? you don't like raising taxes, but how do you go about the most expected way to get more money into the federal government. i hate to even say that, it sounds like a horrible thing. but if the economy were to go, how do we deal with this? >> in the last year before the crisis, the budget was only 161 billion. now it's over a trillion dollars. only half of that can be justified more and more. the rest of it is additional benefits and programs and so forth that mr. obama, and before him, speaker nancy pelosi insisted on. why don't we roll back pull back to the level of real spending adjusted for inflation that we had when president bush took office. this is obama's deficit. it's not bush's deficit. 161 billion, we had all the tax cuts in place. thankfully, we have the prescription drug coverage. gerri: is tha
this economy is awfully weak. imposing taxes to not be reduced at a time like this -- that's just not good. gerri: son's he took office, it has gone up trillions of dollars. what's the best way to get this done? you don't like raising taxes, but how do you go about the most expected way to get more money into the federal government. i hate to even say that, it sounds like a horrible thing. but if the economy were to go, how do we deal with this? >> in the last year before the crisis, the...
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it wasn't about the economy. if it had been, as the polls suggested, mitt romney would have won. >> well, it should have been about the economy but i think that the democrats did an amazing job of making this -- really amplifying what is clearly a problem within the republican party, how we're messaging about women. the fact that we were even discussing birth control, the fact that, you know, the whole forcible rape was even part of the conversation when the polls clearly show i think that millenials are moving in a much more libertarian position when it comes to social issues. they might not necessarily be democrats but -- and they might not be republicans yet but i think that socially, libertarian is the direction the country is going. >> it may not be america's going liberal. what it is is rejecting extreme positions. i think the problem mitt romney got himself into, at his heart he's really a moderate. when you look at when he was governor in massachusetts, he wasn't that far right at all but he had to go muc
it wasn't about the economy. if it had been, as the polls suggested, mitt romney would have won. >> well, it should have been about the economy but i think that the democrats did an amazing job of making this -- really amplifying what is clearly a problem within the republican party, how we're messaging about women. the fact that we were even discussing birth control, the fact that, you know, the whole forcible rape was even part of the conversation when the polls clearly show i think...
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the looming fiscal cliff, our economy hanging in the balance. rachel quit the corporate grind to start her own interior design business. she's got a growing list of clients she keeps in touch with using e-ma marketing from constantcontact.com. constantcontact is easy and affordable. it lets her send out updates and photos that showcase her expertise and inspire her customers for only $15 a month. [ dog barking ] her dream -- to be the area's hottest interior design office. [ children laughing ] right now, she just dreams of an fice. get a free trial at constantcontact.com. lou: let's bring you upto-date correctly on the money and what is happening on wall street. concernssabout pending tax hikes and budget cuts also known as the fiscal cliff. too much for many investors. stock prices for a second straight session. the dow down another hundred and 20 points. the index down three and three-quarters percent. down 400 points. the s&p down another 70. the loss, now three and a half percent. and nasdaq 42 points. mounting to almost 4%. all three i
the looming fiscal cliff, our economy hanging in the balance. rachel quit the corporate grind to start her own interior design business. she's got a growing list of clients she keeps in touch with using e-ma marketing from constantcontact.com. constantcontact is easy and affordable. it lets her send out updates and photos that showcase her expertise and inspire her customers for only $15 a month. [ dog barking ] her dream -- to be the area's hottest interior design office. [ children laughing ]...
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is an authoritarian regime running the world's second- biggest economy. modern leaders paying homage to pass commonness, mouse at all -- mao tse tung included. >> we must crack down on corruption at all times and thoroughly investigate cases of major corruption. anyone who breaks the law, whoever they are, must be brought to justice without mercy. gregg's the successor, the current vice president, was chosen by party leaders five years ago in a process of back room deals and compromises. he will be installed as the new general secretary next week. outside, china looks increasingly modern. there is a widespread sense that growth is slipping and what is needed now is more reform. but a fear that the party may not be able to relax the market still has on part of the economy or submit itself to more checks and balances. >> the pressure for real reforms is building in chinese society. the last 10 years were a lost decade. >> instead, the communist party has tightened its hold and become more intolerant of those who question its right to will. this way, a taxi
is an authoritarian regime running the world's second- biggest economy. modern leaders paying homage to pass commonness, mouse at all -- mao tse tung included. >> we must crack down on corruption at all times and thoroughly investigate cases of major corruption. anyone who breaks the law, whoever they are, must be brought to justice without mercy. gregg's the successor, the current vice president, was chosen by party leaders five years ago in a process of back room deals and compromises....
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carully before investing. ♪ lou: the "a-team" has arrived. tell me this, what the bleep -- no. [laughter] how much of this election, let us get right to it, should president obama have called the governor christie, too, at least when he called president -- >> the second call should have been to governor christie, and they're is a message, bipartisanship. everyone has spoken of it. now they have to deliver because bottom line the american people want leaders, bipartisanship, and consensus solutions. lou: that is very good. the think anybody should put up with governor christie in the republican party? >> they're very annoyed with him at the moment and if he has any plans to run in 2016, he has a lot of hard work to do. the first obstacle is getti
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carully before investing. ♪ lou: the "a-team" has arrived. tell me this, what the bleep -- no. [laughter] how much of this election, let us get right to it, should president...
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find out what's really happening to the global economy. financial headlines to name two kinds of reports. this give me can i speak with you sir let me just play by sort of died in your i don't agree you don't agree with. my son isn't isn't in there enough i don't know what his coffee when he's trying to argue fair. country. countries i'm curious. to help you. find in so many old says war.
find out what's really happening to the global economy. financial headlines to name two kinds of reports. this give me can i speak with you sir let me just play by sort of died in your i don't agree you don't agree with. my son isn't isn't in there enough i don't know what his coffee when he's trying to argue fair. country. countries i'm curious. to help you. find in so many old says war.
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they did not talk about this economy -- it wanted to talk about the economy and a referendum on president obama. romney had to reach a threshold level, a comfort place with voters. they simply did not do that. they shoved it off until the convention and you did not happen there. the ball simply never moved forward until he got up in the first debate in hit a grand slam. he came through in a way that the campaign had not at that point. second and third performances -- even though people say president obama won -- i know about debate scoring. people do it like a high-school debate or boxing or olympic diving and they want to do points. when i look at debates i think, do people looked at one or both candidates differently after the debase them before? you had people who had just seen this character of romney that came from the obama -- first of all, from the republican primaries where he turned himself into a pretzel, a moderately conservative guy. i met him when he was running for senate against senator kennedy in 1994. he was a relatively non- ideological guy. i would have put him on the 3
they did not talk about this economy -- it wanted to talk about the economy and a referendum on president obama. romney had to reach a threshold level, a comfort place with voters. they simply did not do that. they shoved it off until the convention and you did not happen there. the ball simply never moved forward until he got up in the first debate in hit a grand slam. he came through in a way that the campaign had not at that point. second and third performances -- even though people say...
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commentators who are arguing that mitt romney given the state of the economy could be another reagan carter where ronald reagan was able to beat jimmy carter in a poor economic climate and the reason that didn't happen and the reason why mitt romney really was no ronald reagan is because ron reagan connected with voters he was an actor he had that ability to even you know even though he. might not understand or or voters might not be able to connect with his his life style ronald reagan's life style i mean obviously he was he was very well off but at the same time he was able to to connect with them on a very personal level that twinkle in his eye they feel that they like to able to connect with democrat was democratic crossover democratic independent voters who he appealed to mitt romney didn't have that appeal so it wasn't the same kind of you know steve i mean i'm kind of neutral here on this one ok but i'll give. you're a man what credit for he's a great campaigner i don't know if he's a great president i don't know if he's a great politician but he's a great campaigner he was ju
commentators who are arguing that mitt romney given the state of the economy could be another reagan carter where ronald reagan was able to beat jimmy carter in a poor economic climate and the reason that didn't happen and the reason why mitt romney really was no ronald reagan is because ron reagan connected with voters he was an actor he had that ability to even you know even though he. might not understand or or voters might not be able to connect with his his life style ronald reagan's life...
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iran you have the two economies, the country's economy and the regime's economy. we need to thten sanction on the regime's economy. melissa: what is the we keep hearing now with the left solution of technology here in the u.s. that our ol' and natural gas production and fuel proction is rising and rising. maybe it is is it possible this isn't as much our problem as it used to be? >> for many, many years we were driving our industry and infrastructure to produce more. but even if with what we get from the middle east is small, not getting it is going to create a crisis. it will create a crisis in the world economy, world market. that would have an impact on us and iranians know that. melissa: walid phares. thanks for joining us. >> thank you for having me, melissa. >> "oracle of omaha" has a new premonition. details where warren buffett is laying down his next big bet. and how you can follow suit. that's coming up next. at the end of theay it is all about money. ♪ . [ male announcer ] how can power csumption in ina, impact wool exports from new zealand, textile p
iran you have the two economies, the country's economy and the regime's economy. we need to thten sanction on the regime's economy. melissa: what is the we keep hearing now with the left solution of technology here in the u.s. that our ol' and natural gas production and fuel proction is rising and rising. maybe it is is it possible this isn't as much our problem as it used to be? >> for many, many years we were driving our industry and infrastructure to produce more. but even if with what...
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this afternoon he will make his first comments on the economy since winning reelection. >> let's get right over to jacqui jeras. >> happy friday. we have great news in the weather department. if you do that have outdoor plans this weekend, you better make them. the weather will be great. finally making a comeback, the sun made an appearance. temperatures have been unseasonably cool, we will be warming it up for the next -- for the weekend. a cold front on tuesday, so that is a nice stretch of whether to enjoy. we are a little bit cool this morning. 43 american national, 37 at dulles. our express' forecast showing you we will make it to the mid to upper 50's this afternoon. adam caskey is out in storm chaser 7. let's check on traffic. >> good morning. it is a quiet start if you are getting up and adam with us. it is time to hit the road running. let's look at some of the cameras. we are quiet 66, toll road, 395 with no delays. we do have an accident on southbound on george washington parkway near 123. police are already with it. a brief delay right now. southbound bw parkway after 123
this afternoon he will make his first comments on the economy since winning reelection. >> let's get right over to jacqui jeras. >> happy friday. we have great news in the weather department. if you do that have outdoor plans this weekend, you better make them. the weather will be great. finally making a comeback, the sun made an appearance. temperatures have been unseasonably cool, we will be warming it up for the next -- for the weekend. a cold front on tuesday, so that is a nice...
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that is why the economy will, won't improve. unlikely to be successful xy -- >> bob: jobs created by people who are not 1%. >> andrea: there is a concern about the quality of healthcare. that is why this is an ongoing debate. they said it best when they tweeted i can't wait to go to a hospital run by the dmv. now that is a scary thought. >> andrea: they also tax middle class americans as well. if you don't have health insurance you pay a penalty. obamacare is filled with taxes on the middle class. >> kimberly: the doctor of your choice might have been let go because of obamacare. >> andrea: true. >> bob: but the 40 million people that don't have insurance, they can still go to the emergency room. >> greg: it still wouldn't be as expense i as obamacare. >> bob: there is substance to that. >> kimberly: are our food choices connected to the politics? interesting facts from the election. bob has them next on "the five." he ate them. ♪ ♪ so you say men are superior drivers? yeah. then how'd i get this... [ voice of dennis ] ...sa
that is why the economy will, won't improve. unlikely to be successful xy -- >> bob: jobs created by people who are not 1%. >> andrea: there is a concern about the quality of healthcare. that is why this is an ongoing debate. they said it best when they tweeted i can't wait to go to a hospital run by the dmv. now that is a scary thought. >> andrea: they also tax middle class americans as well. if you don't have health insurance you pay a penalty. obamacare is filled with taxes...
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this will bring jobs home, result in a stronger, healthier economy and a stronger, healthier economy means more americans working and more revenues, which is what the president is seeking. this framework can lead the common ground and i hope the president will respond today in that same spirit. as i said on wednesday, this is an opportunity for the president to lead. this is his moment to engage the congress and work towards a solution that can pass both chambers. earlier this week the president and i had a short conversation. it was cordial. i think we both understand that trying to find a way to averlt the fiscal cliff is important for our country. and i'm hopeful that productive conversations can begin soon so that we can forge an agreement that can pass the congress. and with that, i will be happy to answer some questions. >> did you think if you talk about some of the revenues, it changes the statement -- you said in a conference call you were best when everybody stuck together. do you foresee those same problems with you start talking about some of these issues? there's already
this will bring jobs home, result in a stronger, healthier economy and a stronger, healthier economy means more americans working and more revenues, which is what the president is seeking. this framework can lead the common ground and i hope the president will respond today in that same spirit. as i said on wednesday, this is an opportunity for the president to lead. this is his moment to engage the congress and work towards a solution that can pass both chambers. earlier this week the...
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so if this goes into 2013, the economy won't crater. it is not a ridiculous trip. we have a strategic interest in containing china. this is about china. >> greta: he could send the secretary of state, hillary clinton. he did that when he didn't want to talk to netanyahu or the president of yemen. he is quite used to outsourcing to the secretary of state. even congressman van hollen, saying how horrible this is to the average american person, if we go over the cliff. if you don't care when you know the deadline, i don't think you are doing your job, kim. >> i do think there is a difference from other deadline-itis of the past. we have had an election. before this, everyone knew everyone, when they went do the debt limit talks, everyone was holding their cards back approximate it was about how can you play this best, knowing the election is coming. it's over. everyone's waiting to figure out what is going to be the negotiating position. these guys need some time sniff each other out so they can get down to the nitty-gritty. the longer he's gone, the harder it will be
so if this goes into 2013, the economy won't crater. it is not a ridiculous trip. we have a strategic interest in containing china. this is about china. >> greta: he could send the secretary of state, hillary clinton. he did that when he didn't want to talk to netanyahu or the president of yemen. he is quite used to outsourcing to the secretary of state. even congressman van hollen, saying how horrible this is to the average american person, if we go over the cliff. if you don't care when...
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economy on just one hand there are just five of them. and they are the usual suspects goldman sachs j.p. morgan chase wells fargo bank of america and citigroup total assets equal eight point five trillion dollars which is fifty six percent of our entire economy. in two thousand and seven we learned the consequences of disproportionate wealth and power concentrated in the hands of just a few companies in one company begins to fail they all begin to fail and when they all fail that's what collapse looks like that's why policymakers labeled the banks too big to fail and bail them out to prevent total collapse but today these banks are even bigger and thanks to globalization their tentacles are wrapped around the entire world's economy it would just be the united states imploding the next time these giants fall take out much of planet earth itself this is the danger of raw unfettered unregulated laissez faire capitalism this is where the demands for higher and higher quarterly profits take down the company the economy eventually companies be
economy on just one hand there are just five of them. and they are the usual suspects goldman sachs j.p. morgan chase wells fargo bank of america and citigroup total assets equal eight point five trillion dollars which is fifty six percent of our entire economy. in two thousand and seven we learned the consequences of disproportionate wealth and power concentrated in the hands of just a few companies in one company begins to fail they all begin to fail and when they all fail that's what...
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Nov 9, 2012
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and keeping the economy growing. all of it goes back to the looming fiscal cliff. $700 billion in tax hikes that will take place on january 1st unless there's a deal. >> he's going to reach out in a bipartisan way. . he's going to stick to his position on the revenues, but say we have to work together and i'm willing to do my share and lead my party. >> that 396 referring to the bush tax cuts. to make a deal, the president will need to work with congress, especially house republicans and they have been opposed to tax increases. we will hear from john baoehner too for the republican party. >> raising taxes on small business people is the wrong prescription. >> raising tax rates is unacceptable. and frankly it couldn't even pass the house. putting increased revenues on the table but through reforming our tax code. >> i want to bring in ruth marcus, columnist at "the washington post" and perry bacon, an msnbc contributor. what's your sense of this? are we setting up for a feisty but doable deal? but is it also possible
and keeping the economy growing. all of it goes back to the looming fiscal cliff. $700 billion in tax hikes that will take place on january 1st unless there's a deal. >> he's going to reach out in a bipartisan way. . he's going to stick to his position on the revenues, but say we have to work together and i'm willing to do my share and lead my party. >> that 396 referring to the bush tax cuts. to make a deal, the president will need to work with congress, especially house...
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what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ . >>> where did they go? >> i'm ed ith childs from greenville south carolina and i'm the one that got barack obama fired up. >> everyone is sayed fired up and ready to go. >> fired up ready to go. >> it shows you what one voice can do. >> president obama wanted edith childs at his final appearance as a candidate. >> we knew we were coming back to des moines for the last campaign rally i will ever do for me and so, you know we were getting kind of sentimental and we called up edith childs and we said why don't you come on up. [ cheers and applause ] >> listen to this. we said why don't you come on up and we'll fly you up from south carolina and you can do
what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ . >>> where did they go? >> i'm ed ith childs from greenville south carolina...
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>> well, we have the economy moving ahead slowly now. with an acceleration, i believe, coming from rising housing prices and rising housing starts. housing prices in this country, which have been going down for five or six years, in the last six months have started up and they're up broadry and stro rly in many markets. this is not only going to drive housing starts higher but be a tremendous positive for consumer confidence because along with stocks, the value of people's house, the biggest asset they have. it's been under downward pressure. now it's headed the other way. >> right. i agree. this may have had an impact on the election, by the way, because it's so important to individuals. but let me just take you through this. if the so-called fiscal cliff is solved, we avoid the big year-end tax increase, ken heebner, what concerns a lot of people is that next year the capital gains tax rate is going up. the dividend tax rate is going up. as part of obama care. let alone, what may eventually happen with the bush tax cuts. do you see wha
>> well, we have the economy moving ahead slowly now. with an acceleration, i believe, coming from rising housing prices and rising housing starts. housing prices in this country, which have been going down for five or six years, in the last six months have started up and they're up broadry and stro rly in many markets. this is not only going to drive housing starts higher but be a tremendous positive for consumer confidence because along with stocks, the value of people's house, the...
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bush with this down economy. and, look, i mean, we couldn't even win the argument on foreign policy in part because a lot of people are sick of the two wars that george w. bush got us into. that's just a fact. gorgeous george w. bush's type of republic party mitt romney as todd akin richard mourdock in another. >> very good with latinos, kevin mccarthy. we have some bright new leaders and we need to have more of those. >> george w. bush's policies spending and two wars ended up also delivering barack obama into the white house. but let's start with you, chip. your take where we are. what do you think of my point that romney ran a defensive campaign but he also did have to deal with the bush baggage, credibility on spending, and a foreign policy that was frankly the by product of the hopeful but ultimately rather confused and unsuccessful policy in the middle east? >> yeah. i think you are spot on. first, let me say i aspire to be one of those old white guys. >> laura: and rich. >> definitely be a rich old white g
bush with this down economy. and, look, i mean, we couldn't even win the argument on foreign policy in part because a lot of people are sick of the two wars that george w. bush got us into. that's just a fact. gorgeous george w. bush's type of republic party mitt romney as todd akin richard mourdock in another. >> very good with latinos, kevin mccarthy. we have some bright new leaders and we need to have more of those. >> george w. bush's policies spending and two wars ended up also...
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consumer that the economy is picking up. and consumers in the united states, the confidence level is up the highest level it has been in five years. >> we will stay for a look at the numbers in the dax. down by 0.6% on the final trading day of the week. across the atlantic on wall street coming the dow jones also flat. the euro trading at a value of $1 u.s. -- u.s. $1.2712. >> the first round of budget talks have failed to produce an agreement. european parliament is pushing for a 7% increase in spending and more money for a supplementary budget this year. germany, france, and britain want to limit increases to less than 3%. the negotiations will continue next week. >> more business news coming later in the show including economic and is from china and the once in a decade leadership change. the strongest european economy is beefing up their welfare state. parliament has approved a contentious new subsidy for stay at home parents. opposition parties have criticized this scheme as promoting outdated ideas about families in an
consumer that the economy is picking up. and consumers in the united states, the confidence level is up the highest level it has been in five years. >> we will stay for a look at the numbers in the dax. down by 0.6% on the final trading day of the week. across the atlantic on wall street coming the dow jones also flat. the euro trading at a value of $1 u.s. -- u.s. $1.2712. >> the first round of budget talks have failed to produce an agreement. european parliament is pushing for a...
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eastern today from the white house regarding the economy and also the deficit. >>> the stock futures are trending lower this morning after the major u.s. averages slumped for a second straight day. the dow, s&p 500 and nasdaq closed at three-month lows. the asian markets fell overnight. european markets heading into negative territory as well. yesterday the dow fell 121 points to close at 12,811. the nasdaq falling 41 to 2895. jon, back over to you. >> all right, thank you very much for the update. we'll check back with you a little later on. >>> we've been talking about how cold it is already. you can see it out there. we want to check the current temperatures right now with christina. >> good morning to you. we've got a good-looking day shaping up. it is going to be cold out there. we need the rain. as you know, we've had a very dry past few months and temperatures have not been this cold for almost four months in the bay area. we're at 39 degrees to start in novato, snow coming down as we speak high atop mt. hamilton. as we head throughout the next couple days we'll stay nice and
eastern today from the white house regarding the economy and also the deficit. >>> the stock futures are trending lower this morning after the major u.s. averages slumped for a second straight day. the dow, s&p 500 and nasdaq closed at three-month lows. the asian markets fell overnight. european markets heading into negative territory as well. yesterday the dow fell 121 points to close at 12,811. the nasdaq falling 41 to 2895. jon, back over to you. >> all right, thank you...
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what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ no, no, no, stop! humans -- one day, we're coming up with the theory of relativity, the next... stop, stop, stop! my car! not so much. but that's okay. you're covered with great ideas like optional better car replacement from liberty mutual insurance. total your car, and we give you the money to buy one a model year newer. learn about it at libertymutual.com. liberty mutual insurance. responsibility -- what's your policy? >>> if you are not a senator elect then you don't have to listen to what i have to say. i don't want you to. i need to talk to the newly elected senators about how they talk to the media. why don't you grab a snack or walk the dog or so
what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ no, no, no, stop! humans -- one day, we're coming up with the theory of relativity, the...
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eastern on the economy. that issue of the economy directly touches on the dysfunction in washington that americans said they hate. they went to bed election night hoping to fix that. speed really matters here. in just seven weeks the bush tax cuts expire, automatic spending cuts agreed to by both parties kick in. we call it the fiscal cliff and even though it's more like the fiscal steep slope it could do some very bad things to the economy. concerns about rolling down it or falling off it or whatever you want to call it have made markets nervous and credit rating agencies and economists of all stripes are warning about the consequences of not hammering out a deal in time. politicians in both parties, they've been sending out mixed signals ever since the election. on the one hand they're talking about common ground. take a look. >> we want our children to live in america that isn't burdened by debt. that isn't threatened by a warming planet. >> the nation as you know is at a critical point. at a time like th
eastern on the economy. that issue of the economy directly touches on the dysfunction in washington that americans said they hate. they went to bed election night hoping to fix that. speed really matters here. in just seven weeks the bush tax cuts expire, automatic spending cuts agreed to by both parties kick in. we call it the fiscal cliff and even though it's more like the fiscal steep slope it could do some very bad things to the economy. concerns about rolling down it or falling off it or...
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Nov 9, 2012
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from the east room on the economy. that touches on the dysfunction in washington that americans say they hate. many think they went to bed to fix that. keeping them honest, not so fast. in seven weeks, the bush tax cuts expire, automatic spending cuts kick in. it's being called a fiscal cliff and even though it's more like the fiscal steep slope, heading down it it could do bad things to the economy. rolling down it, falling off it, have made markets nervous and credit rating agencies and economists of all stripes are warning about the consequences of not harming out a deal in time. politicians have been sending out mixed signals since the election. on the one hand, they are talking about common ground. take a look. >> we want our children to live in an america that isn't burdened by debt, isn't weakened by inequality. that isn't threatened by the disruptive power of a warming planet. >> the nation as you know is at a critical point. at a time like this, we can't risk partisan bickering and political posturing. >> if t
from the east room on the economy. that touches on the dysfunction in washington that americans say they hate. many think they went to bed to fix that. keeping them honest, not so fast. in seven weeks, the bush tax cuts expire, automatic spending cuts kick in. it's being called a fiscal cliff and even though it's more like the fiscal steep slope, heading down it it could do bad things to the economy. rolling down it, falling off it, have made markets nervous and credit rating agencies and...
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which are proved to be crippling for the iranian economy and the population there is suffering a great deal because of that while campaigning president obama indicated that he didn't want to go to war with iran but that he would continue the sanctions policy and that's what he's doing we've heard reports that the obama administration might engage in direct talks with iran at some point but there has been no confirmation of that. threatens to attack iran and the u.s. appears to be stopping them some argue that the u. was might be playing a good cop bad cop diplomatic game there anyway the administration's strategy appears to be to make iran so desperate that they would agree to anything but sanctioning iran was probably not president obama's very first move after winning this election government officials here say the said on wednesday a u.s. drone strike targeted a group of al qaida militants in yemen and the president had to authorize that and possibly he did that within hours after his reelection the use of drones has been highly controversial it's quite clear not everybody hit by th
which are proved to be crippling for the iranian economy and the population there is suffering a great deal because of that while campaigning president obama indicated that he didn't want to go to war with iran but that he would continue the sanctions policy and that's what he's doing we've heard reports that the obama administration might engage in direct talks with iran at some point but there has been no confirmation of that. threatens to attack iran and the u.s. appears to be stopping them...
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Nov 9, 2012
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economy is definitely on an upward 2r5 jtrajectory. i just hope and believe that that will ten so i'm positive about the u.s. >> okay, thanks for joinings us. >>> coming up, we'll be live in chicago. plenty coming up on the docket. economic growth. if america goes over the fiscal cliff, the economy will return to recession and unemployment will go over 9%. president obama is scheduled to make his first address to the public since his re-election today. 1:00 p.m. from the white house. and it will be regarding the economy and the deficit. so joining us to make sense of all of these various cross currents is todd horowitz. todd, on top of investors minds is whether dividend rates are going up. >> you know, dividend rates are going to do what they're going to do. and they're going to solve this fiscal cliff. this is again another employ between the two parties waiting until the last minute and they'll ride in on the 11th hour and say we've solved the problem or we'll kick the can down the road for another couple of years. this is not going
economy is definitely on an upward 2r5 jtrajectory. i just hope and believe that that will ten so i'm positive about the u.s. >> okay, thanks for joinings us. >>> coming up, we'll be live in chicago. plenty coming up on the docket. economic growth. if america goes over the fiscal cliff, the economy will return to recession and unemployment will go over 9%. president obama is scheduled to make his first address to the public since his re-election today. 1:00 p.m. from the white...
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Nov 9, 2012
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people may reduce their holiday buying. >> the fiscal cliff could cause the economy to slide back into recession and raise the unemployment rate to 9.1%. >> the bottom line is, markets already saying, we are not sure what is happening here. the ultimate irony is this would have happened regardless of who got elected president. >> president obama is urging congress to act to avert this fiscal cliff. he is planning to meet with leaders of both parties in the white house next week. >> here is a look at some of our other top stories at this hour. cia director david petraeus has resigned to night because of an extramarital affair. in his letter of resignation, he said he asked president obama for permission to step down, saying his behavior was unacceptable as a husband and an official. president obama did accept the resignation. he said the four-star general has made our country safer and stronger. transportation officials have confirmed that they are investigating theft and misconduct by transportation department personnel. an extensive investigation has revealed employees received more t
people may reduce their holiday buying. >> the fiscal cliff could cause the economy to slide back into recession and raise the unemployment rate to 9.1%. >> the bottom line is, markets already saying, we are not sure what is happening here. the ultimate irony is this would have happened regardless of who got elected president. >> president obama is urging congress to act to avert this fiscal cliff. he is planning to meet with leaders of both parties in the white house next...
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economy and i think that's what's going to offset the fiscal drag. it really is the global economy, and investment trading and trade. some improvement in skboexport . some things to be encouraged about at least in the sense of wee feel comfortable. 103 dollars and $108 to $110. >> if the lame duck does a can kick, does that force do you refocus on your price target. >> if this leads to see question station and is not done el wantly, it's very likely we're going to get a rating downgrade. i just don't think the equity market is going to react as adversely as it did august of it happens. let's soo write headache out and thi think. >> got it. david, thanks so much. >> my pleasure. >> david bianco, chief strategist at deutsche bank. >>> breaking news and our very own mair thompson is on the floor with the stock exchange. ma mary? >> there's a key change way tojt bring to our investors or viewers' attention. this year they're providing a little bit of konk for those submitting new capital plans. they have to submit them by january 7th. if the fed rejects
economy and i think that's what's going to offset the fiscal drag. it really is the global economy, and investment trading and trade. some improvement in skboexport . some things to be encouraged about at least in the sense of wee feel comfortable. 103 dollars and $108 to $110. >> if the lame duck does a can kick, does that force do you refocus on your price target. >> if this leads to see question station and is not done el wantly, it's very likely we're going to get a rating...
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economy stalls. i would say over the near term quite frankly the risk of a recession is more in the range of 20 to 25% as opposed to 15%. cheryl: that is higher. a lot of eyes glaring right now. talking about unemployment go up to 9.1%. you will see obviously the gdp will go down, they are saying half a percent, are you in that camp? dennis: deeper than that if they don't address the issue, if we go over the fiscal cliff. if they are too slow restoring government programs, restoring the tax cuts di. cheryl: democrats want them to be raised for those making 250, a million. the president said we're not wet sure if he will negotiate. after the election it seems the republicans will again be at a disadvantage. >> still have to consider right now small businesses who are taxed at personal uncut tax rate levels face the double whammy. not only would they find the income would be substituted to a higher rate of taxation, but they also have to face significantly greater cost for health carhealth care accordi
economy stalls. i would say over the near term quite frankly the risk of a recession is more in the range of 20 to 25% as opposed to 15%. cheryl: that is higher. a lot of eyes glaring right now. talking about unemployment go up to 9.1%. you will see obviously the gdp will go down, they are saying half a percent, are you in that camp? dennis: deeper than that if they don't address the issue, if we go over the fiscal cliff. if they are too slow restoring government programs, restoring the tax...